May 22, Colombo: On May 19, the Secretary of Treasury convened the first Joint Coordination Meeting with the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB) and the World Bank (WB) under a joint action plan to support Sri Lanka’s response to the economic crisis.

All three institutions are adopting a coordinated approach to sustain basic services and livelihoods and to mitigate the impact of the economic crisis on the people of Sri Lanka, the global lenders said in a statement.

This includes access to essential items such as medicines, cash assistance, gas and fertilizer through the reallocation of resources from existing projects.